MTN Nigeria’s Half-Year Profit Rises 70.6% to ₦707.5 Billion

MTN Nigeria reported a 70.6% increase in profit after tax for the half-year ended June, despite persistent macroeconomic pressure. Profit after tax rose to ₦707.5 billion, while earnings per share reached ₦33.70. Service revenue grew 25.9% to ₦3 trillion and EBITDA rose 39.2% to ₦1.7 trillion. The EBITDA margin increased by 5.3 percentage points to 55.9%. The company’s subscriber base grew 8.9% to 92.2 million, while active data users rose 9.3% to 55.7 million, reflecting continued demand for data and digital services. MTN Nigeria also declared an interim dividend of ₦26 per share.

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yemiabout 3 hours ago

With service revenue reaching ₦3 trillion, what do people think drove the strongest part of MTN Nigeria's half-year performance?

adeabout 2 hours ago

Absolutely, that service revenue figure looks like the real engine here. Big numbers no dey hide.

princeabout 3 hours ago

A 70.6% profit increase despite macroeconomic pressure is striking, especially alongside the reported 25.9% growth in service revenue.

krisabout 3 hours ago

Strong headline profits are notable, but the report still says macroeconomic pressure persists, so one half-year result may not settle the bigger picture.

melabout 2 hours ago

For anyone following the business, it makes sense to watch whether service revenue and EBITDA keep growing at similar rates in the next results.

MTN Nigeria’s Half-Year Profit Rises 70.6% to ₦707.5 Billion

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MTN Nigeria’s Half-Year Profit Rises 70.6% to ₦707.5 Billion

More from Business